Is Fund Manager Bill Gross Telling Us
Something?
[MM: This one is dedicated to all the “financial experts” (paper-market
players) out there that erroneously believe
that
they
will be able to “move their
‘paper’ wealth”
at a moment’s notice (converting to
“hard assets”)... with a quick
“click
of the mouse” when
the proverbial “excrement hits the
fan” after the initiation of the
not-too-distant, financial implosion.
The Banksters’ super-computers (presently
utilized for “playing the paper markets” via insider trading) will shut
down
your “electronic account access” in LESS
than seconds. When the backlog of “executed electronic trades” are
finally
reconciled you will be
politely notified that your account balance is ZERO!!!
Remember MF Global...Have a nice day!]
Bill Gross heads the largest investment fund in the world
with assets of over $2 Trillion and yet in a recent interview he came to the
conclusion that the dollar is essentially worthless and there is NO gold in Ft.
Knox. Keep in mind that Bill Gross is part of the paper asset system. Is
he trying to tell us something about a possible futrure financial event. Here is
Bill H.'s commentary on this remarkable revelation in tonight's
Midas. TL
Has Pimco's Bill Gross lost his mind? He put the above link out a
couple of days ago where he lampooned The Fed, The Bank of England and even
alluded to "the vault" being empty. This is a guy who manages some $2 trillion
of assets under management. These are PAPER assets under management, ALL of
which derive their so called "value" based on the U.S. Dollar actually having
value. If I read this piece correctly, "between the lines" he is saying that
Dollars have no value.
He actually got to the ledge (without jumping) and made the
connection that if The Fed lends to the Treasury and gives back the interest
then the Treasury can borrow for free and the Fed can create Dollars for free.
(Correction: The 500 Billion dollars in interest [USURY!!!] that the Treasury sends to the [private Rothschild-owned] FED every year is supposed to be
returned per the Federal Reserve ACT, but in 100
years of operation THIS HAS NEVER BEEN VERIFIED.) But the best part
was him "assuming" that the vault is empty. Does he know something that we only
think we know? It's almost like he is taking for granted that the vault is
empty. Or maybe because he deals in such large numbers, he views a couple
hundred billion Dollars of Gold as a ham sandwich and basically nothing in the
scheme of backing trillions upon trillions.
Actually, with the amount of assets under management that Pimco has
now grown to, Bill Gross could (no, in reality he couldn't) decide to move 10%
of his funds into Gold and eat up every last ounce "supposedly" in Ft. Knox. Of
course we know that he could not in any practical way do this. Were he to bid
for some 8,000 plus tons of Gold he would force the price higher, MUCH higher.
For this amount is more than 3 years of global mine production. From an
"illustrative" standpoint, 8,000+ tons of Gold is both VERY large yet minuscule
at the same time. 8,000+ tons which on the one hand only about 10% of the assets
under just one money manager yet represents more Gold than gets produced from
Mother Earth in over 3 years. Do you see the dichotomy? Do you see the irony?
The lopsided "value" at even these "bubble" ($1,700 Gold) prices.
Bill Gross apparently sees it but good luck doing anything about it
for his clients. Maybe personally, maybe for friends and relatives but as for
his clients...they are out of luck. They are out of luck because were he to act
on this recent "clarity of thought", he alone would push Gold through to at
least $5,000 per ounce and maybe even $10,000. And this assumes that no one else
even sees what he's doing and jumps on the bandwagon of moving 10% of their
assets into Gold! I might even add that
$5,000-$10,0000 Gold would be (is) even laughably lower if you factor in Bill
Gross' [correct] assumption that Ft. Knox is empty.
Upon thinking this through a little bit further, for Bill Gross to
say this publicly is worse than a death wish, it is self inflicted suicide. It's
like playing Russian roulette with every chamber loaded with exploding hollow
point bullets. It is not hard to make the leap that he has publicly now said
that "everything is worth nothing". This is a guy who
manages more paper assets than anyone else in the world who is explaining with
perfect logic how the "collateral", the base, THE foundation for everything
paper in the entire global financial system...is...well....WORTHLESS!!! It wouldn't take a lawyer who
cheated to pass the bar and never even got through pre-law to put a case of
intentional fraud together with Pimco as defendant.
Think about it, all you would need to do is ask something like "and
the bonds that you own pay interest in what currency?" It doesn't even matter
how he answers, Dollars, Pounds, Yen or whatever. Because "Dollars" are what
other central banks use for their "reserves" to "create" value for their
currencies. By extension he has said that all currencies are valueless because
Dollars are "free" to produce [MM: “QE to infinity”...with
printing presses operating 24/7/365!] and thus cannot (don't) have value.
Please don't get me wrong, Bill Gross IS telling the truth, I just don't
understand why. What is the upside? He can't be talking his book. Surely after
building the largest "paper" assets under management base of any firm on the
planet he can't be trying to go on the record with an "I told you so". Could he?
Who knows, maybe it's not even important as to "why".
So, Bill Gross "figured it out" and is just now 'fessing up. Did he
not see this 2 years ago? Or 4 years ago when the world got "TARPed" and the Fed
extended $16 trillion worth of credit over the globe like a blanket of smooth
peanut butter? Where was he 10 years ago while "we" were being called "off the
wall, tinfoil hat conspiratorial lunatics"? Bill Gross's revelation either now
makes him as "delusional" as us...or maybe we were right all along and he is
just now figuring it out? Whatever the case let me be the first to say "welcome to the club and thank you so much for allowing us to
accumulate valuable metal at such juicy prices"! Now, just how do you
think it is mechanically possible for him to put his money where his mouth is?
Regards, Bill H. Franklin Miles associate writer—END
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